As our world is still turned upside down, I can’t stop my mind drifting to those less fortunate than me. India is coming to the forefront of my mind…and the three gorgeous children Expat Academy sponsor, Joseph, Nivethitha and Jeevan. What will the world be like for their generation?
These children have really got to me on a personal level and I want to understand how global businesses operate in their country and how this may shape the future opportunities they may have when they have finished their education. My question for today is: what are the key considerations for Global Mobility in India? So, without further ado, I logged onto MyGMPD and typed the word India into my keyword search and the following popped up;
A fabulous short white paper explaining how the Government of India has recently implemented numerous changes that liberalize Indian visa rules to simplify the entry of foreign nationals and to afford greater flexibility in permissible activities. Sub categories have been simplified and there is more consistency but the transition to the new system has caused some challenges. GM Managers need to allow longer lead times whilst the Indian Immigration Officers gets to grip with the new technology. Processing times are taking longer. But overall the change is encouraging.
A comprehensive overview of policy trends for moving employees into, out of and around India. I was really encouraged to read about the latest Government initiatives:
Make in India
A program to boost investment in manufacturing, which has led to an increase in investments from multinational corporations and start-ups of India-based manufacturing plants and facilities. The Government aims to increase manufacturing’s contribution to GDP to 25% and create 100 million additional jobs in this sector by 2022. Wow!
A flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities. The Government, through this initiative, aims to encourage greenfield projects to establish in India with minimal regulatory compliance and provision of financial assistance, benefiting both local Indian companies and multinational organizations
Smart Cities Mission
Intended to improve infrastructure and living conditions across India, which has stimulated growth of Tier 2 and 3 cities. This has encouraged mobility throughout and within India not only for Indian nationals but also for Indians on assignment to repatriate; this has also motivated many international assignees in India to stay on for sequential assignments.
It is sounding like the future could be very bright in India, I can rest assured there will be opportunities for Joseph, Nivethitha and Jeevan! Challenges remain for Global Mobility in India such as availability of housing, transportation, air quality and the need for adequate medical insurance coverage. It sounds like GM managers are still refining policies and there is an emergence of more India-specific flexible program guidelines with flexible components that vary primarily by city, accompanied status, and length of program, and to a lesser extent, band level and salary. Watch this space…
Emma Holder, Co-Founder – Expat Academy & MyGMPD